There’s an interesting article that covers a panel discussion held by the magazine Fast Company with John Legend on the panel were Nathan Hubbard, CEO at Musictoday; Jorge Just, Web “guru” for rockers OK Go; Jason King, Artistic Director at Tish’s The Clive Davis School of Recorded Music; and Dave Wolter, V.P. A&R at Capitol Music Group.
Through the discussion it’s obvious that everyone believes that there’s a lot of love for music but there’s just not a lot of love for records, discs and the current business model. Here are a couple of extracts:
Nathan Hubbard: In that regard, when it comes to the future of the music it’s likely that 10 years from now the model for the music business will more closely resemble the patron-artist relationship of the 17th century renaissance than it will the 1980′s label-artist deals.
Dave Wolter: One big debate right now is how much control artists have over their MySpace page or if they own their Web site, Wolter said. It seems likely that as labels become more music than record, they will find profit centers in the Web, Web merchandising and sales that currently don’t exist and a compromise will be reached.